The Scion Group has secured $555.6 million in financing for a portfolio of 14 student housing properties totaling 4,295 units and 10,454 beds across nine states.
Walker & Dunlop Capital Markets Real Estate Finance arranged the financing, securing a floating-rate, interest-only loan through an existing Fannie Mae credit facility.
The portfolio includes student housing communities in Arizona, Alabama, California, Colorado, Florida, Georgia, Louisiana, North Carolina and Texas. The financing supports The Scion Group’s long-term ownership strategy while providing flexible capital across a geographically expansive portfolio.
The Scion Group is an owner and operator of student housing communities globally with 190 communities and nearly 118,000 beds across 94 university markets. The transaction closed within one of Scion’s four Fannie Mae credit facilities, all of which were originated by Walker & Dunlop, underscoring the depth of the relationship among th
